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Sep 9, 2012
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the clock is ticking in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would be hitting at a time when the economy is weak and particularly the consumer is weak. i do think this represents a big danger to the economy. the challenge is it's not discounted into the price. we're all talking about it, i've met very few investors who believe it will happen. if we do start to move to an environment where it becomes more likely, it will create volatility and also hit equity prices as well towards the end of the year. >> how do you invest against that kind of back drop? where would you put money to work right now? >> i think there are a couple of things investors can do. one thought
the clock is ticking in the united states, however, on the fiscal cliff, which you are very concerned about. the xpiration of the bush tax cuts and automatic spending cuts that come if there's no budget agreement. how do you view this playing out? what are the implications for the market? >> i think this is very important. last week maybe the point when investor sentence focuses on this instead of europe. first of all, the size of the fiscal cliff at about 650 billion, 4% of gdp. it would...
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Sep 19, 2012
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what's going to happen in the united states? people just want certainty, particularly at a time like this when china is in a recession. >> that is exactly what i'm talking about in my observation coming up. people are not going to add heads to the payroll if you don't know what your tax bill is going to look like. >> no way. you're kidding yourself. >> it's on congress, then. we need fiscal policy. >> we need leadership. we need a marshall plan. we need a grand plan that first starts with today's reality before you try to go to tomorrow. >> what do you think about the election? do you think the election changes this? does that bring us clarity? >> well, that's a tough one. i mean, it's not sure. because the people that running for office, are they going to actually operate, or is it just going to be what they do with a speech, right? what really counts is not the speech but what you do in between the speech. >> the truth is, we may not get the clarity because they're not dealing with the issues like the fiscal cliff until after
what's going to happen in the united states? people just want certainty, particularly at a time like this when china is in a recession. >> that is exactly what i'm talking about in my observation coming up. people are not going to add heads to the payroll if you don't know what your tax bill is going to look like. >> no way. you're kidding yourself. >> it's on congress, then. we need fiscal policy. >> we need leadership. we need a marshall plan. we need a grand plan that...
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Sep 5, 2012
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>> i think that's true, always i think the structural deficits of the united states, as my good friend bowles and simpson talk about are difficult to deal with. it could cause a hiccup at any type. hopefully the next administration will deal with that. >> which is why romney and ryan put that issue front and center and that is tart of the conversation right now where as we were not talking about these issues before that. low do you think they will play out. a lot of euphoria around it. >> ity tt tt tty -- i think itt important lex of my lifetime. they are picking between a economic systemen gauged by the government, and more involved with the government, verses the republican side which is going to be less government and more free market. so, it's a choice. i think the candidate that can make the best argument as to why they're model or approach is going to create better economic growth will win the election, and we'll see. i think it will be very close. >> it has been very close in the polls, and it's not just about growth, but also about jobs. we have a jobs report coming out on frid
>> i think that's true, always i think the structural deficits of the united states, as my good friend bowles and simpson talk about are difficult to deal with. it could cause a hiccup at any type. hopefully the next administration will deal with that. >> which is why romney and ryan put that issue front and center and that is tart of the conversation right now where as we were not talking about these issues before that. low do you think they will play out. a lot of euphoria around...
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Sep 6, 2012
09/12
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we'll get to that in a moment but first time to fact check the 42nd president of the united states. senior correspondent scott cohn is here and with the length of the speech you had your work cut out for you. >> we are all exhausted and did do it. bill clinton, of course, is an old pro at this and knows how to shade facts without fudging them. here he is last night on the cost of health care. >> for two years health care costs have been under 4% in both years for the first time in 50 years! >> well, that is correct. according to the consumer price index. but mr. clinton attributes it to obama care and most of which didn't go in effect yet. it's more to do with the recession. mr. clinton hailed the obama plan to tie student loan payments to a percentage of income and goes back to 2007 and president obama expanded it. finally, this on the politics of hate. >> they need a republican congressman with almost 100% voting record on every conservative score because he said he realized he did not have to hate the president to disagree with him. that was a nonstarter and they threw him out. >
we'll get to that in a moment but first time to fact check the 42nd president of the united states. senior correspondent scott cohn is here and with the length of the speech you had your work cut out for you. >> we are all exhausted and did do it. bill clinton, of course, is an old pro at this and knows how to shade facts without fudging them. here he is last night on the cost of health care. >> for two years health care costs have been under 4% in both years for the first time in...
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Sep 12, 2012
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. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead. leadership is necessary to ensure that events in the region don't spin out of control. >> all this happening as israeli prime minister benjamin netanyahu is using the strongest language to date about using force to stop iran from developing a nuclear weapon. this brings up the issue of making the u.s. less dependent on foreign oil. should we get off of middle eastern oil? chris, you first. all of this make you nervous about how much we depend on that region for our energy needs? what's the answer? >> well, you know, you look at saudi arabia providing 20% of the oil imports for this country. america needs
. >> the united states condemns in the strongest terms this outrageous and shocking attack. we're working with the government of libya to secure or diplomates. i've directed my administration to increase our security at diplomatic posts around the world. >> the attacks of libya and egypt underscore that the world remain aes dangerous place and that american leadership is still sorely needed. in the face of this violence, america cannot shrink from the responsibility to lead....
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Sep 25, 2012
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he said he would handle the way the united states handles foreign aid. >> a temporary aid package can give the economy a boost and employ people for a time but it can't sustain a economy for a long-term. it can't pull the cart. at some point the money runs out. both candidates for president appearing before former clinton. making a joke there. solary, a big day of foreign policy in new york today. >> i saw a bit of this. mit romney's idea that he want to leverage u.s. aid through private corporations to underdeveloped countries. but we already have the xm bank. a lot of people see that as more corporate welfare. was mitt romney giving us more corporate welfare? >> what he wants to have is a more sophisticated partnership. he doesn't want to be writing checks to the foreign governments. he wants a more sophisticated interplay. that was where he was going with this. but he cited the initiative as the model that he would like to pursue. he said what bill clinton has done is a model for how far rin policy can go. many thanks. >> let's get right to our guests. retired four star general. ge
he said he would handle the way the united states handles foreign aid. >> a temporary aid package can give the economy a boost and employ people for a time but it can't sustain a economy for a long-term. it can't pull the cart. at some point the money runs out. both candidates for president appearing before former clinton. making a joke there. solary, a big day of foreign policy in new york today. >> i saw a bit of this. mit romney's idea that he want to leverage u.s. aid through...
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Sep 25, 2012
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as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question now is it another bubble that is about to burst? senior correspondent scott cone is reporting from washington today on some very startling statistics, scotty? >> reporter: some new statistics, simon, just in. these new figures come from fyke cok -- fico, they analyzed a large sample of credit reports, millions of them nationwide. and here is what they found. since 2005, the percentage of u.s. consumers with multiple open student loans on their credit report has nearly doubled, now almost 12% of us are making payments on at least two student loans. the average amount of that debt, up more than 50% to more than $26,000 on average, a much higher pace of growth than the growth of credit like credit cards and mortgages, other types of debt. and the percentage of consumers with six figures in college
as the networks of nbc focus on education here in the united states, we are also learning this hour that americans owe more on their student loans than they do on their credit cards. and the default rate on those student loans is more than four times the default rate on mortgages. so the question now is it another bubble that is about to burst? senior correspondent scott cone is reporting from washington today on some very startling statistics, scotty? >> reporter: some new statistics,...
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Sep 6, 2012
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we have had the four largest deficits in the history of the united states. four deficits in excess of a trillion dollars each so that more than a third of all the debt ever run up in the 236-year history of the united states, more than a third of it was under barack obama's presidency in the last three and a half years. who's going to pay off the debt? our children and a grandchildren. that's who is going to pay it off. that's where romney and paul ryan are calling for a growth agenda where we can start creating jobs in this country and not have economic growth of 1.7%, under 2% and a federal reserve board that believes we'll be in this shape for two years. that's why they say they will keep interest rates for another two years. >> you heard him talk about the debt created under president obama when the country was going off a fiscal cliff and the banks were seizing up. he never referenced the 5 trillion in debt generated under george bush while he was governor. he never referenced the two wars we didn't pay for. george bush was the first president in the hi
we have had the four largest deficits in the history of the united states. four deficits in excess of a trillion dollars each so that more than a third of all the debt ever run up in the 236-year history of the united states, more than a third of it was under barack obama's presidency in the last three and a half years. who's going to pay off the debt? our children and a grandchildren. that's who is going to pay it off. that's where romney and paul ryan are calling for a growth agenda where we...
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Sep 26, 2012
09/12
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there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the industry really transform to natural gas powered vehicles? >> well, there's no question the technology is well known. there are 13 million vehicles in the world today on natural gas. only 130,000 of them in the united states. we have more natural gas than any other country in the world. how could that be? it's because the leadership in washington has not, one, understood the resources available to us in america, but, two, they've shown no leadership to get on our own resources. use our fuel here. quit importing oil from opec. >> yep. well, we'll leave it there. boone, alwa
there are 30 states in the united states now that produce energy. when i went in the energy business a long, long time ago, there was only nine states. there are 30 states now. so millions of jobs are created by the oil and gas industry in the united states. >> right, right. let me get your take on natural gas. i'd love to know where you're seeing opportunity, how you're invested in the energy space. you've been a backer of natural gas. honda has the civic natural gas car. can the...
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Sep 5, 2012
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first up, last year the united states was fifth in global competitiveness in a survey. this year we have dropped to seventh. let me show you where we are. after switzerland, after swing pore, after finland they recently had so many free market reforms in those countries after the netherlands and after germany. let me posit a wee editorial on why. first of all we have the highest corporate tax rate in the world, an unsolved fiscal cliff. business uncertainty over taxes, spending, deficits and political deadlock. what did we do four years ago and what's going to be done to stop this decline? we have cnbc contributor jared bernstein, and we welcome allison fraser, heritage foundation director of economic policy. i really can't stand that we are slipping in this rating. i want america first. what's gone wrong here? >> this is no surprise. as you said it's the fourth year we have slipped. we are in seventh place. the heritage index of economic freedom has shown the same thing. one of the major reasons is we have a deaf sut and debt crisis that washington is simply not dealin
first up, last year the united states was fifth in global competitiveness in a survey. this year we have dropped to seventh. let me show you where we are. after switzerland, after swing pore, after finland they recently had so many free market reforms in those countries after the netherlands and after germany. let me posit a wee editorial on why. first of all we have the highest corporate tax rate in the world, an unsolved fiscal cliff. business uncertainty over taxes, spending, deficits and...
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Sep 12, 2012
09/12
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not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll switch the fleets including the post offices trucks to nat gas. that would cause the big oil companies to convert their gas stations to include liquefied natural gas to compressed natural gas which would allow us to cut back on our oil imports for trucks. they consume about 25% of what we bring into this country. there are multiple reasons, cheaper fuel costs for americans. but ladies and gentlemen, it's the national security angle that matters more than any other. as we see what's going on in the middle east right now, and
not just the united states. if only washington would recognize the imperative using our plentiful natural gas of which chesapeake is the second largest producer as a surface fuel. that's the issue, surface fuel. because of their battle for oil supplies if we were simply to harness the energy the continental chesapeake eog oil and gas, range, so many others have found in the last three years? all washington has to do is announce it supports natural gas for a fuel of service vehicles and it'll...
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Sep 6, 2012
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there actually in the united states has been a dip in new starts. usually there's an upswing in new starts in the recession. we have a very unusual recession going on here. i think it's largely driven by the origins of the recession, that it was a finance-based recession. this has rippled through in terms of credit into the economy and it's changing the nature of available capital resources for startups. although your concern is logical, i don't think it's what's happening right now. >> the number one concern people have about the u.k. is the proximity to europe. this seems to be the number one issue. you can't do anything about the back drop. the government has pinned its hopes on programs like the funding for lending scheme. do you think this does anything to encourage small businesses? >> there's a couple of points in there. i completely agree that we have a challenge that our largest trading partner is the e.u. there's little to be done about that per se. but funding -- the lending for business scheme is a challenge in the startup context in a n
there actually in the united states has been a dip in new starts. usually there's an upswing in new starts in the recession. we have a very unusual recession going on here. i think it's largely driven by the origins of the recession, that it was a finance-based recession. this has rippled through in terms of credit into the economy and it's changing the nature of available capital resources for startups. although your concern is logical, i don't think it's what's happening right now. >>...
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Sep 6, 2012
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we have lackluster growth in the united states. we have draghi coming out and downgrading the gdp outlook and out right recession as europe will likely be in 2013. how can this be? the answer from the bulls is where earnings may be lackluster but they'll still be positive. here is the estimates right now for earning. question down, q4 a big bump up. this isn't going to happen. this is 14 thst. the numbers will come down but still positive. overall for 2012, 4%, maybe 3%. not as much as in the past year. it is still growth, 2013, you know the numbers are the how. you know they will come down. it is 11%. that will probably end up at 5% next year. 5% growth, carl, is still 5%. it is not negative earnings growth. to argue for negative earnings growth, let me tell you what people are telling me. they keep saying you can't do this way. revenue growth is petering out, the margin expansions are tougher, china will have a hard landing, a soft patch in the u.s. economy, we'll hit the fiscal cliff. this is what people yell at me every day. he
we have lackluster growth in the united states. we have draghi coming out and downgrading the gdp outlook and out right recession as europe will likely be in 2013. how can this be? the answer from the bulls is where earnings may be lackluster but they'll still be positive. here is the estimates right now for earning. question down, q4 a big bump up. this isn't going to happen. this is 14 thst. the numbers will come down but still positive. overall for 2012, 4%, maybe 3%. not as much as in the...
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Sep 10, 2012
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states. >> where would you cut? >> i would means test heavily social security, medicare, drastically reduce defense spending. >> how would you handle medicare? would you like a voucher program? >> it's too late for that. you need to simply means test it, so if you're affluent, you're going to pay a much higher premium. everybody needs to pay bigger copays, bigger deductible. >> the equivalent of raising taxes on some people. >> we have to raise taxes on everybody. the bush tax cuts, all of them, for everybody. we cannot afford them. we couldn't afford them then. >> he's not the guy you thought he was. you want him to come in, you were going, we're not worthy, we're not worthy. that's not who he is, and you've written these things about the fantasy of the -- if you ever wrote about the obama budget it would be a nastier piece. >> the reason i haven't done that is i assumed people could see that. >> you can't assume that. we're going to meet all the actresses, you want to be a left winger so you can meet hollywood, th
states. >> where would you cut? >> i would means test heavily social security, medicare, drastically reduce defense spending. >> how would you handle medicare? would you like a voucher program? >> it's too late for that. you need to simply means test it, so if you're affluent, you're going to pay a much higher premium. everybody needs to pay bigger copays, bigger deductible. >> the equivalent of raising taxes on some people. >> we have to raise taxes on...
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Sep 6, 2012
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we're still the world's largest economy in the united states. i would imagine if in three to ten years the financial system were to collapse because of the overprinting of money, i would imagine we would have a lot to do with that as the biggest players in all of this. does that mean that you are pessimistic about the united states' ability to come to grips with its unfunded liabilities and entitlements? is that what's going to cause this, we're not going to fix these? >> i'm very concerned that regardless of who will be in the white house next year, the republicans or the democrats, the fiscal deficit will stay above a trillion dollars as far as the eye can see. and that more money printing is on the way, qe 3, qe 4, so on. but you understand i want to clarify one point, i am bearish about the financial system and i think eventually it will collapse, but if you think it through, what is better to own in a systemic crisis, cash with the banks, treasury bills, or real estate in the u.s., or equities? i think that real estate in the u.s., i'm not
we're still the world's largest economy in the united states. i would imagine if in three to ten years the financial system were to collapse because of the overprinting of money, i would imagine we would have a lot to do with that as the biggest players in all of this. does that mean that you are pessimistic about the united states' ability to come to grips with its unfunded liabilities and entitlements? is that what's going to cause this, we're not going to fix these? >> i'm very...
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Sep 19, 2012
09/12
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bernanke literally put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about china? michelle set up some of the diplomatic tiffs going on between china and japan. if you look at china's economy, a lot of people have written china off in terms of its investment potential near-term. doesn't sound like you were doing that. >> i think people are overembellishing the downside. valuation show we're at significant discounts but in a very nacent domestic value. we're missing point with regard to 7% 208% growth is still very dynamic in china. they have beter response to the global markets. i think the reality to china is we don't want continued expectation of 10% growth. we
bernanke literally put an all-in with regard to quantitativizing in the united states. you don't fight the bang of england, the bank of japan, people's bank of china, the ecb and the fed. this ends up being good for risk assets over the next 6 to 12 months. we've added stocks to european equity, looking at emerging markets again which has lagged. ironically specifically in asia, in a follow-up to the chinese context right now. but there is a lot of opportunity right now. >> what about...
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Sep 20, 2012
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states. it's coming from underneath the gulf of mexico where you're not interfering with anybody's drinking water and so forth. and the bottom line is that the amount of gas that's been discovered over a huge expanse of territory is enough that if our government adopted an energy policy that favored natural gas for vehicles and power plants and so forth, we could move quite a way from shipping money out in return for oil in from countries that it seems this week don't like us very much. >> great to have you on the show. thanks so much for coming in. joan lapinn. >>> a popular tech stock taking a hit today. >> this story absolutely fascinates me. look at share of amazon. amzn. reuters reported walmart is going to stop selling kindle products. right? the stock dropped sharply. it has recovered most of the losses though it is down .75%. i went on the site myself to try to find it. the only thing you could do is find a few accessories. kindle is is off the website. they're going to sell out their
states. it's coming from underneath the gulf of mexico where you're not interfering with anybody's drinking water and so forth. and the bottom line is that the amount of gas that's been discovered over a huge expanse of territory is enough that if our government adopted an energy policy that favored natural gas for vehicles and power plants and so forth, we could move quite a way from shipping money out in return for oil in from countries that it seems this week don't like us very much....
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Sep 5, 2012
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as far as what's on the agenda in the united states, second quarter productivity out at 8:30 eastern. forecasts calling for 1.9% growth. unit labor costs have seen rising by 1.4%. corporate side, discount retailer dollar general reports figures before the open. after the close we'll hear from the likes of h&r block, harry winston and menswear house. that's the agenda for you today. >>> meanwhile, a leaked report from troika suggests imposing a six-day work week on greece as a condition of bail outs. we want to know, is that fair or is the troika going too far? jeff tweets in to say, no, six-day work week is not fair. don't punish workers for government's mismanagement and stupid. join the conversation here on "worldwide exchange." get in touch by e-mail or tweet us @cnbcwex or individually. ross? >> do that and still to come, david cameron is under spotlight as he faces questions in parliament following yesterday's cabinet reshuffle. > >>> welcome back to the program. these are your headlines. fedex cutting forecasts. >>> u.s. services pmi shows a slump on the eve of a key ecb meeting
as far as what's on the agenda in the united states, second quarter productivity out at 8:30 eastern. forecasts calling for 1.9% growth. unit labor costs have seen rising by 1.4%. corporate side, discount retailer dollar general reports figures before the open. after the close we'll hear from the likes of h&r block, harry winston and menswear house. that's the agenda for you today. >>> meanwhile, a leaked report from troika suggests imposing a six-day work week on greece as a...
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Sep 19, 2012
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how are things both in the united states and europe. >> and china? >> let's talk about the u.s. in almost every business, there are pockets of real success. let's take, for example, the enormous burst in rental housing. the command for rental housing is incredible. so we're in the home supply business. we do cabinet doors, home depot, supply, we do vanities and things like that. we sell vanity kits as fast as you possibly make to landlocked and multifamily housing who put these things in. we charge $500, they increase the rent $100 a month, the pay back is in months, and the game is on. people are renovating rental places and motels and hotels because they're occupied. three years ago they were taking a room in a motel, tearing it apart, bringing the fixture over and fixing the other room that was leaking. now they're renovating those things. so the home rental idea is moving strongly. you take the marcellus fields, we can't get pipe up there fast enough. we can't get pre-fab buildings up there fast enough. i mean, i'm not talking marcellus, i'm talking north dakota in the basin
how are things both in the united states and europe. >> and china? >> let's talk about the u.s. in almost every business, there are pockets of real success. let's take, for example, the enormous burst in rental housing. the command for rental housing is incredible. so we're in the home supply business. we do cabinet doors, home depot, supply, we do vanities and things like that. we sell vanity kits as fast as you possibly make to landlocked and multifamily housing who put these...
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Sep 5, 2012
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united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story. we've been trying to follow the twists and turns. the fbi now says there is no evidence to support claims that hacking group anonymous infiltrated an fbi agent's laptop and lifted data for more than 12 million apple products. however the front page of "the financial times" lays it out and says hackers embarrass apple with this data release. there were over a million different devices, numbers were published online. this is a story that has many odd twists. the hackers said they would not give any interviews about this breach until a gawker posed with a ballet tutu wi
united states continued a four-year slide to the seventh spot. separately, a judge ruling amr can abandon its pilot's union contract. saying the bankrupt parent of american airlines corrected certain issues that caused him to reject the same request in the past. amr is trying to save more than $1 billion a year in labor costs. it can unilaterally impose work terms on its pilot, all is happening as talks between amr and u.s. air continue. >>> in the meantime, a very complicated story....
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Sep 18, 2012
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united states is great market. south america, we're positioned well in all of them but clearly we're going through a big cycle here. and i think the most important thing we do at ford is to continue to invest like we have in the united states in the toughest of times to invest so we'll be here when the economy comes back. >> ford ceo alan mull laully joining us live on "squawk on the street." >> with the fusion hybrid. >> first on cnbc during power lunch coming up at 1:00. back to you. >> thank you very much. >> way to roll, phil. as was said phil will sit down with ford motor company's alan mulally. >> did you see the sales are down 29% year on year. down by almost a third. that's astounding. everybody's crushed. gm is down. everyone is down. but the situation for august is really bad, really bad. >> it appears the be strong, pretty robust. >> i think they're down 8.5% for august. it is deteriorating. >> that is true. absolutely true. when we come back, david fash exclusive. five-star portfolio manager, steven wal
united states is great market. south america, we're positioned well in all of them but clearly we're going through a big cycle here. and i think the most important thing we do at ford is to continue to invest like we have in the united states in the toughest of times to invest so we'll be here when the economy comes back. >> ford ceo alan mull laully joining us live on "squawk on the street." >> with the fusion hybrid. >> first on cnbc during power lunch coming up at...
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. >>> back in the united states, the new york attorney general is investigating whether private equity firms have abused tax strategy in order to cut hundreds of millions from their tax bills. eric schneiderman wants documents that reveal whether they converted certain fgt fees into investments which are taxed at a lower rate than ordinary xhk. economy. schneiderman is looking to see if he's trying to embarrass bain. andrew, right now, i'll send it over to you. >> fascinating story. hope we talk about that in a little bit. corporate headlines this morning. valiant pharmaceuticals is buying metacis for $24 a share. a 39% premium. the deal boosting valiant skin care offering and adds botox to it's portfolio. oracle is launching an appeal on five-year long court case against s.a.p. last month they agreed to pay oracle $306 million over copyright infringement allegations. great to be back. what do you think, a little right here in. >> i've never heard of disport? >> botox? >> you're not who i'm worried about. it's clear by saying you might need it, i know what you're actually saying. >> i,
. >>> back in the united states, the new york attorney general is investigating whether private equity firms have abused tax strategy in order to cut hundreds of millions from their tax bills. eric schneiderman wants documents that reveal whether they converted certain fgt fees into investments which are taxed at a lower rate than ordinary xhk. economy. schneiderman is looking to see if he's trying to embarrass bain. andrew, right now, i'll send it over to you. >> fascinating...
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states and overestimating the risks within the united states. >> he's talking about the stock market rising possibly 40% over the next two years. is he right? >> god bless him. i hope he's right. i'm quite bullish. i'm not sure i'm quite that bullish, but i hope he's right. i think if that's going on happen, the profit cycle must begin to turn off. you kneed the s&p 500 profit cycle to turn up. i think if that happens in conjunction with lower interest rates, then, yeah, i think you could about the build up. if you had that confluence of events, yeah, you could melt up. >> there also is a possibility, rich, that profit cycle does slow down, but they take all that cash and they buy back 8 billion in stock like nike or they boost the dividend like cisco. >> exactly. or they start buying smaller and midcap companies that kooem keep growing. they're eventually going to have to buy growth. it's my opinion they're going to go down to midcap and smaller cap companies to buy that growth over the next couple of years. >> good stuff. have a great weekend. >> thank you. see you later, guys. >>>
states and overestimating the risks within the united states. >> he's talking about the stock market rising possibly 40% over the next two years. is he right? >> god bless him. i hope he's right. i'm quite bullish. i'm not sure i'm quite that bullish, but i hope he's right. i think if that's going on happen, the profit cycle must begin to turn off. you kneed the s&p 500 profit cycle to turn up. i think if that happens in conjunction with lower interest rates, then, yeah, i think...
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it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies we believe that governor romney and ryan are advancing during this campaign and policies they will put in place when they're in the white house. >> there is a poll, 87% of likely voters say the economy will be an important factor in their decision when they vote. obviously not a surprise. when you have confidence up like it was yesterday, you get home prices that are improving. we got decent numbers today. the market today aside has obviously been strong for the quarter. you have gas prices coming down. are there policies, will we be hearing about positions that argue they could have done even better than all of those things doing right now? >> well, look, this recovery is the weakest recovery we have seen in modern history. you still have 23 million americans struggling for work. you have 47 million americans on food stamps. the reality is that the obama campaign can try to paint whatever picture they want to paint. the reality is that americans are not interes
it is policies that will create greater job creation and greater manufacturing in the united states and those are the policies we believe that governor romney and ryan are advancing during this campaign and policies they will put in place when they're in the white house. >> there is a poll, 87% of likely voters say the economy will be an important factor in their decision when they vote. obviously not a surprise. when you have confidence up like it was yesterday, you get home prices that...
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states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking about a recovery -- the local investors do seem to be more excited by this new story than we've seen for some period of time. particularly noting that cement stocks rallied quite hard today in shanghai. so that is interesting that the local investors are somewhat more enthused about this story than we've seen for months. >> okay. adrian, thank you so much for phoning in. we appreciate it. adrian mowat of jpmorgan. >>> it's interesting this morning that stocks are essentially hanging on to the sharp gains that they made last week. clearly hopes are high that the fed will announce further monetary easing t
states and other parts of the world rally off the back of this notion of china stimulus, are all those things built on false expectations? >> we need to look at those charts. and most of those charts have fallen very sharply in the last two months. so what we experience through our trading book on friday with short coverings, we didn't see long-only investors coming in and buying stocks this morning. what i do think is different and you've highlighted that asia has recovered -- talking...
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they have a people that like the united states of america. in afghanistan we are having americans killed by "insiders." >> the troops that we're training. >> yeah. >> forces we are training in uniform. they just inflicked the greatest damage back on kandahar since the tet offensive. they blew up irreplaceable aircraft, and it's because the president has consistently overruled the recommendations of his military advisors. the chickens are coming home to roost, and the president won't even talk about it. >> let me ask you two quick questions. one of them i just want to say cnn did not put out the ambassador's diary. we did a report off of it. i want to make that clear to our viewers. >> by the way, i don't have a problem with that. the reason why the administration objected so vigorously because what was in what cnn reported. since when are we not going to publish materials that probably would compromise to our enemies. >> let me ask you, peter king has called for ambassador rice to resign. do you agree? >> i they she's the messenger. i mean, f
they have a people that like the united states of america. in afghanistan we are having americans killed by "insiders." >> the troops that we're training. >> yeah. >> forces we are training in uniform. they just inflicked the greatest damage back on kandahar since the tet offensive. they blew up irreplaceable aircraft, and it's because the president has consistently overruled the recommendations of his military advisors. the chickens are coming home to roost, and the...
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he's in the united states, he is going to listen to me. and hear me. i just want him to hear my voice as a mother, don't destroy this family. please don't destroy this family, bring amir home. amir is the heart of this family. >> reporter: now facing an incurable cancer, he says he cannot accept the fact that he may never see his son again. >> that's my biggest fear, that i may not see him. and that's my last wish to see my son and hug him and kiss him before i pass to the other side. >> reporter: ahmadinejad has so far refused to meet with them or discuss amir's case. but somehow this family hopes what is now a desperate plea will finally be heard. paula newton, cnn. >>> it has been described as an ugly scene, the bodies of an american couple found stabbed multiple times in their st. martin home in the caribbean. the main suspect expected in front of a judge tomorrow. the bodies of michael and thelma king were found friday. police arrested a suspect sunday, but in charges have been filed and the prosecutors office will only say the suspect is a 28-yea
he's in the united states, he is going to listen to me. and hear me. i just want him to hear my voice as a mother, don't destroy this family. please don't destroy this family, bring amir home. amir is the heart of this family. >> reporter: now facing an incurable cancer, he says he cannot accept the fact that he may never see his son again. >> that's my biggest fear, that i may not see him. and that's my last wish to see my son and hug him and kiss him before i pass to the other...
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it is time for the united states to lead. we didn't lead. we should have lead. after kioto it is time now nor the united states to team with china and lead us forward out of where we are and into a new responsibility as global citizens. the united states doesn't have to battle to lead the world. you are already leading. you have leaders who are emerging out there. this is a globalized world. keep doing what you are doing and believe in young people. believe in technology and science and have leaders like them lead the way. >> sit a marathon. not a sprint. i'm 37, i've done all the things you could possibly do with music and i never thought i would be able to do those things when i was in the ghetto or do the queen's jubilee or do this program. or beam the song back to the planet earth to educate kids to take an interest in stem. i'm dedicating my life to stem to create a new system with my little neighborhood to turn these kids into entrepreneur and educators. >> good for you. >> we are trying to inspire individuals and also to take our political system forward
it is time for the united states to lead. we didn't lead. we should have lead. after kioto it is time now nor the united states to team with china and lead us forward out of where we are and into a new responsibility as global citizens. the united states doesn't have to battle to lead the world. you are already leading. you have leaders who are emerging out there. this is a globalized world. keep doing what you are doing and believe in young people. believe in technology and science and have...
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when you're the first lady of the united states, you have a bevy of dresses designed for you, and that is no different for ann romney, but that plays into the narrative, so that's why you see the focus on it. it's a down time in the economy, and it is an attempt, again, to suggest that the romneys are out of touch with middle class americans, which that will be up to the american people to decide, but i think that story plays into that narrative. >> i want to button this up with something else we see so prevalently in this day and age is digital media. the number of tweets that were rolling in per minute when it came to michelle obama. 28,000 tweets per minute while she was speaking. she's not even the candidate. look how it compared to the left. mitt romney's measurement was only 14,000 tweets per minute. but let's finish it this way by saying, as you said, she's not running. she may have an effect but she's not running. important to note that. >> and she's also the first lady of the united states, and she's been in a very prominent role for five years now, so let's -- you know, i thi
when you're the first lady of the united states, you have a bevy of dresses designed for you, and that is no different for ann romney, but that plays into the narrative, so that's why you see the focus on it. it's a down time in the economy, and it is an attempt, again, to suggest that the romneys are out of touch with middle class americans, which that will be up to the american people to decide, but i think that story plays into that narrative. >> i want to button this up with something...
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but i think the united states should be involved. we should always try to maximize the peace agreement, minimize the risk and do concrete things that gives some hope to people. >> we'll be back with more of my conversation with bill clinton, but up next, what in the world. there's a new dirty word in american politics. outsourcing. but the facts show it's not so dirty after all. right back. tdd#: 1-800-345-2550 let's talk about that 401(k) you picked up back in the '80s. tdd#: 1-800-345-2550 like a lot of things, the market has changed, tdd#: 1-800-345-2550 and your plans probably have too. tdd#: 1-800-345-2550 at charles schwab, we'll give you personalized recommendations tdd#: 1-800-345-2550 on how to reinvest that old 401(k). tdd#: 1-800-345-2550 so talk to chuck tdd#: 1-800-345-2550 and bring your old 401(k) into the 21st century. tdd#: 1-800-345-2550 rollover your 401(k) or ira and receive up to $600. tdd#: 1-800-345-2550 see schwab.com for terms and conditions. >>> now for our "what in the world" segment. there's one issue whic
but i think the united states should be involved. we should always try to maximize the peace agreement, minimize the risk and do concrete things that gives some hope to people. >> we'll be back with more of my conversation with bill clinton, but up next, what in the world. there's a new dirty word in american politics. outsourcing. but the facts show it's not so dirty after all. right back. tdd#: 1-800-345-2550 let's talk about that 401(k) you picked up back in the '80s. tdd#:...
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states government becomes tu united states citizens and the body of citizen rry and so it seems that the people who believe deeply in israel as a key ally and also as a shining light in a very difficult area, we ought to be concerned that perhaps some of our fellow citizens don't understand how important it is. >> rabbi david wolpe, we appreciate your time this morning. thank you. >> thank you. >>> for more stories on faith, check out the wildly popular bl blog, cnn.com/belief. >>> an american border agent is dead and now his suspected killer is in custody. we will talk to the border agent's family. conversations help us learn and grow. at wells fargo, we believe you can never underestimate the power of a conversation. it's this exchange of ideas that helps you move ahead with confidence. so when the conversation turns to your financial goals... turn to us. if you need anything else, let me know. [ female announcer ] wells fargo. together we'll go far. mom's smartphone... dad's tablet... or lauren's smartphone... at&t has a plan built to help make families' lives easier. introducing
states government becomes tu united states citizens and the body of citizen rry and so it seems that the people who believe deeply in israel as a key ally and also as a shining light in a very difficult area, we ought to be concerned that perhaps some of our fellow citizens don't understand how important it is. >> rabbi david wolpe, we appreciate your time this morning. thank you. >> thank you. >>> for more stories on faith, check out the wildly popular bl blog,...
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clearly, the united states does not believe in this video. doesn't espouse the values and doesn't decry the prophet muhammad. he's saying, listen, if you want to live in a democracy, free speech is part of that. that is one of the values he says the u.s. troops have gone to battle to defend. and so he's saying that he can't ban the video. at the same time, saying that he has a problem, and saying that violence is never the answer. i think he was also trying to say to these leaders, you can't let islamic extremism hijack your resolution. he's seen the violent protests at the u.s. embassies in the last couple of weeks. >> i think what he said was extremists, violence is their only way to stay relevant. which was interesting. the president met with the secretary ban ki-moon. he did not meet with world leaders. he made an appearance on "the view." does that look like he's focusing on politics more so than negotiating foreign policy? >> a little bit. i think there are a cup of things going on. first of all, he's clearly reaching out to the america
clearly, the united states does not believe in this video. doesn't espouse the values and doesn't decry the prophet muhammad. he's saying, listen, if you want to live in a democracy, free speech is part of that. that is one of the values he says the u.s. troops have gone to battle to defend. and so he's saying that he can't ban the video. at the same time, saying that he has a problem, and saying that violence is never the answer. i think he was also trying to say to these leaders, you can't...
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nobody came to watch this movie when it was put in the theater in the united states. nobody. why can't the muslim world treat it the same way? >> we thank you very much, and we appreciate you joining us. >> thank you. >>> another hands-off topic -- the power of religion. not the peaceful notion of it, but the reality of why it so often turns deadly. a christian, a muslim and jew walk into our studio for a conversation that is no joke. for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or actions while taking or after stopping chantix. if you notice any of these stop taking chantix and call your doctor right away. tell your doctor about any history of depression or other mental health problems, which could get worse while taking chantix. don't take chantix if you've had a serious allergic or skin react
nobody came to watch this movie when it was put in the theater in the united states. nobody. why can't the muslim world treat it the same way? >> we thank you very much, and we appreciate you joining us. >> thank you. >>> another hands-off topic -- the power of religion. not the peaceful notion of it, but the reality of why it so often turns deadly. a christian, a muslim and jew walk into our studio for a conversation that is no joke. for the first week... i'm like...yeah,...
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madam chairwoman, delegates, i accept your nomination for president of the united states. [ applause ] >> four more years! four more years! >> now, the first time i addressed this convention in 2004, i was a younger man. a senate candidate from illinois who spoke about hope. not blind optimism, not wishful thinking, but hope in the face of difficulty, hope in the face of uncertainty. that dogged faith in the future which has pushed this nation forward even when the odds are great, even when the road is long. eight years later, that hope has been tested. by the cost of war, by one of the worst economic crises in history. and by political gridlock that's left us wondering whether it's even possible to tackle the challenges of our time. i know campaigns can seem small, even silly sometimes. trivial things become big distractions. serious issues become sound bytes. the truth gets buried under an avalanche of money and advertising. and if you're sick of hearing me approve this message, believe me, so am i. but when all is said and done, when you pick up that ballot to vote, you will face
madam chairwoman, delegates, i accept your nomination for president of the united states. [ applause ] >> four more years! four more years! >> now, the first time i addressed this convention in 2004, i was a younger man. a senate candidate from illinois who spoke about hope. not blind optimism, not wishful thinking, but hope in the face of difficulty, hope in the face of uncertainty. that dogged faith in the future which has pushed this nation forward even when the odds are great,...
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tomorrow night it's up to the president of the united states to do a great job for himself. president obama certainly has some hard acts to follow when he speaks to this convention tomorrow night. can he live up to the speeches given by his wife, the former president bill clinton? stay with us. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance plan. [ male announcer ] if you're eligible for medicare, you may know it only covers about 80% of your part b medical expenses. the rest is up to you. call now and find out about an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, it helps pick up some of what medicare doesn't pay. and could save you thousands in out-of-pocket costs. to me, relationships matter. i've been with my doctor for 12 years. now i know i'll be able to stick with him. [ male announcer ] with these types of plans, you'll be abl
tomorrow night it's up to the president of the united states to do a great job for himself. president obama certainly has some hard acts to follow when he speaks to this convention tomorrow night. can he live up to the speeches given by his wife, the former president bill clinton? stay with us. i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at my options. then i got a medicare supplement insurance...
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the united states is 13 at the moment. one is denmark, number two is canada. >> why are the daynes so healthy. >> because they have social security and not worried about health insurance. they are looked after and not greedy. they don't all want to become millionaires. >> here's what we found. this is very important. we classify people on a scale of one to 100. so if your score is over 70, you are thriving. if your score is 40 to 70 you are struggling and if it is less than 40 you are suffering. when a country starts to suffer, you are going to see revolution, social unrest, breakdown of leadership. we knew what was happening in libya. we knew what was going to happen in ton neez dwra. we knew what was going to happen in egypt and can predict what will happen in syria, just based on well being. it is the number one indicator. >> let's turn to your area here. there is a brilliant scene in a show that came out this year where jeff daniels who's the anchor man if you like goes on a rant at a college lecture about where americ
the united states is 13 at the moment. one is denmark, number two is canada. >> why are the daynes so healthy. >> because they have social security and not worried about health insurance. they are looked after and not greedy. they don't all want to become millionaires. >> here's what we found. this is very important. we classify people on a scale of one to 100. so if your score is over 70, you are thriving. if your score is 40 to 70 you are struggling and if it is less than 40...
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they are undermining israel security by suggesting that the united states and israel don't have anything other than a unique and close and special relationship. >> so you have said that the reporter, you accused the reporter of miset quoting you and you said it and said i categorially deny saying that. there it is. how do you respond? >> so don, if you look at what the examiner which say conservative blog site, it's not surprising that they would misquote me. i will reiterate that they did misquote me. they took only the first line of what i said and cut it off. you have not played the rest of what i said and what they did was reported that i said that republican policies were dangerous for israel. that is what ambassador oren commented on. i never said they were dangerous for israel. that's the opposite of what i always say. what i always said and what i said is important that we understand that israel should not be a political football. what the republicans are doing is they are subjecting that there is daylight between the parties on israel. i didn't say their policies were dangerous,
they are undermining israel security by suggesting that the united states and israel don't have anything other than a unique and close and special relationship. >> so you have said that the reporter, you accused the reporter of miset quoting you and you said it and said i categorially deny saying that. there it is. how do you respond? >> so don, if you look at what the examiner which say conservative blog site, it's not surprising that they would misquote me. i will reiterate that...
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the 42nd president of the united states on the nuclear threat from iran. you trust ahmadinejad? >> not on this, i don't. >> why should israel be allowed to have nukes? >> no one thinks that israel is about to drop a bomb on tehran. >> this master campaigner, what he would say to mitt romney. >> if he's going to double down on that 47% remark, that will cause difficulties because we now know that the overwhelming number of those people work and have children. >> and his take on president obama and the economy. how has he managed to avoid public retribution for not fixing the economy better than he has done? >> because this is not a normal time. >> plus his extraordinary work with the clinton global initiative. >> we don't have to produce miracles. all we have to produce is progress. we just keep pushing these rocks up the hichlt ll. >> is the world ready for a clinton back in the office? >> i can run for president of ireland because of my irish heritage. >> this is "piers morgan tonight." good evening. the most powerful man and woman in the world are gathered in new york tonight
the 42nd president of the united states on the nuclear threat from iran. you trust ahmadinejad? >> not on this, i don't. >> why should israel be allowed to have nukes? >> no one thinks that israel is about to drop a bomb on tehran. >> this master campaigner, what he would say to mitt romney. >> if he's going to double down on that 47% remark, that will cause difficulties because we now know that the overwhelming number of those people work and have children....
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tomorrow night, it's up to the president of the united states to do a great job for himself. president obama certainly has some hard acts to follow when he speaks to this convention tomorrow night. can he live up to the speeches given by his wife, by the former president, bill clinton. stay with us. ♪ ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. covering 2,000 more 4g cities and towns than verizon. at&t. rethink possible. covering 2,000 more 4g cities and towns than verizon. forty-five states have joined together... ...to ensure consistent academic standards across america. these internationally recognized benchmarks... ...are unlocking a better way to prepare our children for college and their careers. because when our kids do better... ...america does better. let's reach higher. let's invest in our teachers and inspire our students. let's solve this. in communities across the country. whether it's supporting a delaware nonprofit that's providing training and employment opportunities, investing in the revitalization of a neighborhood in the bronx,
tomorrow night, it's up to the president of the united states to do a great job for himself. president obama certainly has some hard acts to follow when he speaks to this convention tomorrow night. can he live up to the speeches given by his wife, by the former president, bill clinton. stay with us. ♪ ♪ ♪ ♪ [ male announcer ] at&t. the nation's largest 4g network. covering 2,000 more 4g cities and towns than verizon. at&t. rethink possible. covering 2,000 more 4g cities and...
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search "state of the union." "fareed zakaria gps" is next for our viewers here in the united states.
search "state of the union." "fareed zakaria gps" is next for our viewers here in the united states.
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the united states had not yet catered to those expectations. maybe it's because of the elections, maybe it's because of the pre-election situation in the states. nobody has spoken to us about their reasons and they are not obliged to state anything. we're very thankful and pleased they have stated they are against this regime. >> it's good to see you. hearing what he said, can you give me a broader context of what he was explaining? >> reporter: i think he's very frustrated. he's a good friend of united states and a good friend to the obama administration. he didn't want to come out and directly sledge hammer the obama administration but he did say he is frustrated. perhaps the elections are playing part in the fact that the united states is not leading in any kind of intervention in syria. he says he wants a no-fly zone. that is to have u.s., nato, other aircraft patrol parts of syria in order to protect some of those population. the people trying to get to safe areas turkey is housing some 100,000 refugees. they are spending hundreds of milli
the united states had not yet catered to those expectations. maybe it's because of the elections, maybe it's because of the pre-election situation in the states. nobody has spoken to us about their reasons and they are not obliged to state anything. we're very thankful and pleased they have stated they are against this regime. >> it's good to see you. hearing what he said, can you give me a broader context of what he was explaining? >> reporter: i think he's very frustrated. he's a...
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and a new warning that puts the united states between a rock and a hard place. let's go "outfront." >>> good evening, everyone, i'm erin burnet. "outfront tonight," we're told that an official has been killed in benghazi. this after a day of violence at the diplomatic post. armed men set the american consulate on fire after a protest against an american-produced movie they say insultses the prophet muhammad. this hours after egyptian protesters scaled the walls at the embassy in cairo ander to tore down the american flag. cnn's jomanakurachi joins me on the phone. and i want to start with jomana. what is the latest you heard from on the ground in benghazi? >> reporter: well, we're hearing very little from the u.s. embassy, but according to eyewitnesss, there is reports of libyan casualties as a result of these clashes. as a militant group tried to store the u.s. embassy. they succeeded and did storm the u.s. embassy. according to eyewitnesss, libyan security forces were engaged in heavy clashes with this armed group. a radical militant group based in eastern lib
and a new warning that puts the united states between a rock and a hard place. let's go "outfront." >>> good evening, everyone, i'm erin burnet. "outfront tonight," we're told that an official has been killed in benghazi. this after a day of violence at the diplomatic post. armed men set the american consulate on fire after a protest against an american-produced movie they say insultses the prophet muhammad. this hours after egyptian protesters scaled the walls at...
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Sep 12, 2012
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states, and he's not going to meet with the president of the united states. what's going on here? >> well, i think that -- look, prime minister netanyahu can reach the president any time he wants. and my guess is, there are just scheduling difficulties and i wouldn't be surprised if they work something out. >> i wouldn't be surprised either. but it does sort of reenforce this notion, some of israel's supporters have doubts about the president of the united states' commitment to support for israel. you heard what mitt romney said not that long ago in his acceptance speech in tampa. listen to this one line that he said. >> president obama has thrown allies like israel under the bus. >> thrown allies like israel under the bus. so what do you say to romney on the heels of what happened with the jerusalem platform dispute, now this inability to come together for netanyahu and the president to meet what mitt romney is saying, go aled as a strong supporter of israel, what do you say? >> here's what i say. the two biggest threats to israel, are one, a nuclear iran, a
states, and he's not going to meet with the president of the united states. what's going on here? >> well, i think that -- look, prime minister netanyahu can reach the president any time he wants. and my guess is, there are just scheduling difficulties and i wouldn't be surprised if they work something out. >> i wouldn't be surprised either. but it does sort of reenforce this notion, some of israel's supporters have doubts about the president of the united states' commitment to...
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Sep 11, 2012
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a state department official tells cnn the united states has been notified by the libyan government that an american consulate official was killed in benghazi today. the state department doesn't have independent confirmation of the death, but it is the result of a day of violence against americans in the middle east. protesters scaled the walls of the u.s. embassy in cairo and burned american flags, this in response to a video produced by an american mocking the prophet muhammad. we're joined now on the phone. we have new video we'll be showing you here as we ask you -- i know you've been in touch with people on the ground. we're looking at new video here in benghazi. what can you tell us happened? >> reporter: well, there are reports of libyan casualties as a result of these clashes at the consulate. i spoke to eye witnesses on the scene who described the situation there. libyan security forces were engaged in heavy clashes with members of an armed group, a radical militant group based in eastern libya. libyan troops were deployed to the scene. roads to the consulate were blocked. rocke
a state department official tells cnn the united states has been notified by the libyan government that an american consulate official was killed in benghazi today. the state department doesn't have independent confirmation of the death, but it is the result of a day of violence against americans in the middle east. protesters scaled the walls of the u.s. embassy in cairo and burned american flags, this in response to a video produced by an american mocking the prophet muhammad. we're joined...